Renovated Multifamily
16914 Monica St, Detroit, MI 48221
For Sale
$345,000
Fully occupied residential asset near Detroit Mercy University with updated building systems and refreshed interior finishes.
Property Size4,323 SF
Price / SF$79.81
Days on Market114
Property Features for 16914 Monica St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Munoz Realty Inc
Listed By:
Gaston Munoz · License MI #6501354648
(313) 918-6388
Source:
Premiermichiganhomesearch
Added: Jul 20
Changed: Oct 26
Last Checked: Nov 10 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Munoz Realty Inc
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Investment Insights
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This multifamily property contains 3,123 square feet and was built in 1930. The building has undergone extensive updates, including a replacement roof, windows, gutters, electrical service, plumbing, furnaces, and hot water tanks. Interior improvements include renovated kitchens with new cabinetry, ceramic tile flooring, refreshed bathrooms, and new bedroom carpeting. Natural gas service is available, and part of the building is finished below grade.
The property is located within walking distance of Detroit Mercy University and is currently 100% rented. Its residential layout includes kitchen, dining, living, bedroom, and bathroom areas, providing a practical configuration for multifamily occupancy.
The property is located within walking distance of Detroit Mercy University and is currently 100% rented. Its residential layout includes kitchen, dining, living, bedroom, and bathroom areas, providing a practical configuration for multifamily occupancy.
Key Highlights
- 3,123‑square‑foot multifamily property built in 1930
- 100% rented
- Within walking distance of Detroit Mercy University
Property Analytics
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Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
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Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Detroit, MI
Properties on Market for Multifamily properties in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied residential asset near Detroit Mercy University with updated building systems and refreshed interior finishes.
Where is this multifamily property located?
The property is located at 16914 Monica St Detroit, MI.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 3,123‑square‑foot multifamily property built in 1930; 100% rented; Within walking distance of Detroit Mercy University
